SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : lcav
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Harry W. Lowe who wrote (401)5/19/1998 2:04:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
you will not see money flow into the stock until after the low has been made.

from my estimates this maybe very close if not already.

paralell channel shows up with a line drawn from the tops late dec.97 late jan. and mid april the bottom early mar. early april and now at about 2.62.

downtrend lines from the previous highs of end of jan and mid april are both 50 and 48 degrees respectively.

also the left shoulder support line is most prominent at 2.60 to 2.70 on a daily and weekly close. 2.50 to 2.44 is the last line of trading that i have for support on that left side shoulder.

also 13 day bollinger bands were penetrated last time that occurred was on 2/24 and 2/25. may account for short strength today or carry further if volume picks up on the buy side.

also the 10k % actually rose yesturday from the low previous posted a 4.83 to 12 to day as i post it is at 40 but with the low volume this maybe short lived. volume also tapered off to the 5 figured level after the last 50% drop in price early march.

seems close but may have some more testing testing testing to do.

still think the close above 3.68 is geared to go.

got half of my orders filled yesterday after targets of trading were hit. the other half is ready in case the full 50% retraction occurrs here.

i tend to agree with the 2nd opinion that this is a good entry point for on this stock, for the long term which is what this is really geared for not short term trading. my 80k and 10d are nearly touching about 2-3% points but if these fail it is back to check out the low.

although i went long on LCAV in early march just after the stock price moved thu the 50 degree downtrend and 50% pull back in price, i continue to trade in and out for maximum profits with half of my shares.

i have about 8 trading days till the stock price action carries either thu the current 50 degree downtrend line or any close below this bottom channel at 2.60 goes for the full retraction and will reset the techs i have posted. this will destroy the channel, breech the 50 day MA and head for 2.00 at full 50% pull back.

good luck with the fill orders down here.

ar.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News